BACS, the UK’s automated clearing house, has announced completion of a wide-ranging business review intended to strengthen its position as a driving force behind the growth and transformation of the UK payments industry. As a consequence of the review, BACS aims to bolster the operational efficiency of its core payments business whilst creating a platform for service innovation and future growth. To create a more responsive customer driven company, a number of significant changes have been made to the organisation. Notably, BACS has recruited David Sear as scheme director. This role, reporting to the BACS chief executive, heads up a new division of BACS which is responsible for the standards and processes governing 3.7 billion direct debit and direct credit transactions per annum. In addition, BACS has created a new Corporate Programmes function that will be led by BACS director, Derek Barnby. Barnby will be responsible for overseeing the efficient and timely completion of all corporate programmes and initiatives.
UK firms investment in training and development will increase, on average, by a fifth in the next year, claims Robert Half recruitment after interviewing 100 financial services (FS) executives.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.